Calgary industrial on 20-year growth spree: Colliers

RENX  Commercial  •  Industrial  •  Calgary

While Calgary’s office market continues to languish, industrial real estate has almost doubled in size over the past 20 years. Data presented at the Calgary Real Estate Forum by Colliers International indicates since 2000 the region has seen 1,185 new buildings constructed.

Turmoil clouds WeWork’s Vancouver expansion plans

Commercial  •  Business In Vancouver  •  Globe and Mail  •  Reuters

WeWork’s current troubles could affect the 678,000 square feet of Metro Vancouver office space that CBRE counted the co-working-space company as either occupying or intending to occupy.

Homes, arena proposed for Winnipeg F.N. land

Residential, Commercial  •  Winnipeg Free Press

Initial plans for the development of the Treaty 1-owned portion of Kapyong Barracks include homes, condos and student and elder housing, as well as an Indigenous War Museum and arena with an NHL-sized rink.

CAPREIT to buy six properties; issue $425M in units

RENX  Residential  •  Apartments  •  National

Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) announced Monday it is in the process of acquiring six multiresidential properties in four Canadian cities for $194 million. The REIT (CAR-UN-T) will also issue approximately $425 million in new units,

Landlords lose appeal over Toronto’s Airbnb rules

Residential  •  Toronto Star  •  CBC  •  Globe and Mail

A provincial planning tribunal has upheld the city’s short-term rental rules. It found that the city’s regulations “represent a reasonable balancing” of ensuring that Toronto has housing for residents and that there are options for tourism.

Sponsored by Yardi Renters expect tech: Can you deliver?

Today’s renters want modern conveniences that go beyond updated appliances and new carpeting. Increasingly, renters expect property management companies to use technology that adds convenience and speeds up communication.

Fredericton’s Cyber Park to guard critical infrastructure

Commercial  •  Daily Commercial News

The first cyber-secure building in Atlantic Canada is on the rise in Fredericton. The $37-million, 150,000-square-foot Cyber Park is being constructed for the cyber security of Canada’s infrastructure, including defence systems, finance, transportation, hydro-electrical production and water.

Excess risks, insurance challenges in P3: Panel

Commercial  •  Daily Commercial News

There are storm clouds hanging over the P3 sector in Canada despite a robust pipeline of projects proposed by provincial and federal governments, delegates attending two panel sessions at the recent Association of Consulting Engineering Companies — Canada (ACEC) were told.

Kitimat transforms in preparation for a pipeline

Commercial  •  Globe and Mail

At a Northern British Columbia construction site larger than 600 city blocks, more than 1,000 workers have started building a massive liquefied natural gas plant and export terminal that is the only energy megaproject in Canada firing on all cylinders.

Toronto needs more toll highways like 407: Opinion

Commercial  •  Toronto Star

Toronto’s  Highway 407 ETR is the road everyone loves to hate. All Torontonians should celebrate its mere existence. Whether you pay the tolls or not – and even if you don’t drive at all − everyone benefits from this freeway that isn’t free.

Jane Jacobs had profound affect on Toronto

Residential  •  National Post

The American Psychologist has published an account of walkable neighbourhoods. Richard Florida of the University of Toronto says it demonstrates that “Jane Jacobs was right about the dynamic and innovative qualities spurred by living in dense, urban neighbourhoods.”

London wants to become a Smart City

Residential, Commercial  •  CBC

The City of London is currently in the hunt for a Smart City office manager. Director of planning John Fleming says the position will bring innovation technology to city planning. Fleming says it’s about using technology to improve lives.

Ottawa developers face lawsuit from L.A. street artist

Residential  •  Globe and Mail

A Los Angeles street artist is suing Katasa Group Inc. and Constitution Building for an Ottawa real estate development which allegedly misappropriating his art in an advertising campaign. The residence, Théo Ottawa, opened this fall near the University of Ottawa.

HITT Zone filling old Sears site in Regina

Commercial  •  Western Investor

The HITT Zone recently opened up in 12,000 square feet of athletic training facilities in a former Sears warehouse in northeast Regina. Dale Griesser, Regina-based president and broker of Avison Young, said the developers spent $350,000 retrofitting the former warehouse space.

Caisse to consolidate private investments

Commercial  •  Montreal Gazette

Stéphane Etroy is stepping down as Caisse executive vice-president and head of international private equity. His departure will allow Canada’s second-largest public pension manager to consolidate all of its private equity activities in Quebec and abroad under one roof.

Ivanhoé acquires stake in Spanish REIT Árima

Commercial  •  IPE Real Assets  •  RENX

Ivanhoé Cambridge has backed a $219 million Cdn fundraise by Spanish REIT Árima Real Estate. The companies said Ivanhoé Cambridge has invested $88 million for a 20.3 per cent stake in Árima to become the main shareholder in the listed company.

73% of detached Van. homes sell below assessed value

Residential  •  Vancouver Sun  •  Toronto Star

Almost 73 per cent of detached homes sold in Vancouver in the first nine months of 2019 went for below assessed value, while Kitimat and the Kootenays are booming, according to provincewide real estate figures released this week by Landcor Data Corporation.

Canadian prices fall for first time in six months

Residential  •  Reuters

Canadian home prices fell in October for the first time in six months but an underlying upswing was maintained, data showed on Tuesday. The Teranet-National Bank Composite House Price Index fell 0.1 per cent last month from September.

Montreal architects rethink what a neighbourhood can be

Residential  •  Globe and Mail (Sub. required)

Elaa, a Montreal condo project by KANVA, is a subtle blend of public and private, hard surfaces and greenery that is deeply urban and also welcoming.

Winnipeg single-room-occupancy project revamped

Residential  •  Winnipeg Free Press

Winnipeg architect Andre Silva had a clear vision for the project he and his three business partners wanted to build. Silva noticed plenty of would-be renters wanted to stay in their Airbnb units for months at a time.